Stronger Sell Today AMZN ranks #3497 as SELL CANDIDATE #3497 Weaker Sell

AMZN stock forecast Amazon.com

AMZN stock forecast

Thursday November 21, 2019 Change -0.62% Price $1 734.71
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell
Bullish vs. Bearish (225 opinions)
80%
20%
Social Sentiment 0.10

AMZN Forecast and Technical Stock Analysis


Sell candidate since 2019-11-13 Loss -1.05% PDF

Amazon.com fell by -0.62% in the last day ( Thursday, 21st Nov 2019 ) from $1 745.53 to $1 734.71 and has now fallen 3 days in a row. During the day the stock fluctuated 0.95% from a day low at $1 730.36 to a day high of $1 746.87. The price has fallen in 6 of the last 10 days and is down by -2.99% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.15 million shares and in total 2.54 million shares bought and sold for approximately $4 409.00 million.

Quick summary:

  • 30 day high of the AMZN stock price was $1 815.06 and low was $1 695.00.
  • 90 day high was $1 853.66 and low was $1 685.06.
  • 52 week high for Amazon.com - $2 035.80 and low - $1 307.00.
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Trend

Amazon.com lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.07% during the next 3 months and, with 90% probability hold a price between $1 651.46 and $1 776.10 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Amazon.com holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $1 747.54 and $1 762.30. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday November 04, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 27 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Amazon.com finds support from accumulated volume at $1 725.45.

Support: $1 725.45 Price: $1 734.71 Resistance: $1 749.62

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $16.51 (0.95%) between high and low. For the last week, the stock has had daily average volatility of 1.41%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

1.41 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Amazon.com holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 182 votes on StockTwits.

Stronger Sell Today AMZN ranks #3497 as SELL CANDIDATE #3497 Weaker Sell
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